Acquired
Birmingham – Retail Shop
588 Bearwood Road, Smethwick, Birmingham B66 4BWVirtual Freehold Retail Investment
Tenure
Leasehold
Lease Term
5 Years
Years Left on Lease
2m
Area
969 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises mid-terrace ground floor shop t/a Book Store
- Situated in the town centre, on the west side of Bearwood Road, in between Anderson Road and Adkins Lane, with occupiers close by including Aldi, Holland & Barrett, Costa Coffee, Peacocks, Costa Coffee, Iceland and the Bearwood Shopping Centre.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
Comprises mid-terrace ground floor shop providing the following accommodation and dimensions:
Ground Floor: 92 sq m (969 sq ft)
Open plan retail, storage, ancillary, wc
Ground Floor: 92 sq m (969 sq ft)
Open plan retail, storage, ancillary, wc
Tenancy Description
The property is at present let to Bear Bookshop Ltd for a term of 5 years from 1st October 2020 at a current rent of £15,000 p.a. and the lease contains full repairing and insuring covenants. Tenant break option in 2023 NOT exercised. Deposit held of £3,000.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Tenancies & Accommodation

Location Description
Birmingham is the administrative centre of the West Midlands serving a population of some 1 million and is located at the heart of the national motorway network. Smethwick is a popular town located approximately 4 miles west of Birmingham city centre. Occupiers close by include Aldi, Holland & Barrett, Costa Coffee, Peacocks, Costa Coffee, Iceland and the Bearwood Shopping Centre.